Rmb Fund Correlations

RMBGX Fund

USD 38.37 0.55 1.45%

The current 90-days correlation between Rmb Fund I and Needham Small Cap is -0.17 (i.e., Good diversification). The correlation of Rmb Fund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Rmb Fund Correlation With Market

Very poor diversification

The correlation between Rmb Fund I and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Fund I and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rmb Fund I. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Rmb Mutual Fund

1.0	RMBHX	Rmb Fund A	Pair Corr
1.0	RMBJX	Rmb Fund C	Pair Corr
0.78	RMBTX	Rmb International	Pair Corr
0.7	GFACX	Growth Fund	Pair Corr
0.72	FTYPX	Fidelity Freedom Index	Pair Corr
0.72	FFBTX	Fidelity Freedom Blend	Pair Corr
0.62	GCAVX	Gmo Small Cap	Pair Corr
0.69	GQLOX	Gmo Quality Fund	Pair Corr
0.7	GHVIX	Gmo High Yield	Pair Corr
0.88	GMCQX	Gmo Equity Allocation	Pair Corr
0.66	WCCFX	Wealthbuilder Conservative	Pair Corr
0.75	VMMSX	Vanguard Emerging Markets	Pair Corr
0.66	FEQIX	Fidelity Equity Income	Pair Corr
0.69	RAZAX	Multi Asset Growth	Pair Corr
0.75	SXPAX	Deutsche Sp 500	Pair Corr

Related Correlations Analysis

	NESGX	QUAIX	BOSVX	PSBMX	MYISX
NESGX		0.63	-0.14	0.38	0.0	NESGX
QUAIX	0.63		0.51	0.7	0.34	QUAIX
BOSVX	-0.14	0.51		0.51	0.63	BOSVX
PSBMX	0.38	0.7	0.51		0.06	PSBMX
MYISX	0.0	0.34	0.63	0.06		MYISX
	NESGX	QUAIX	BOSVX	PSBMX	MYISX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PSBMX	+ 0.7	QUAIX
QUAIX	+ 0.63	NESGX
MYISX	+ 0.63	BOSVX
BOSVX	+ 0.51	QUAIX
PSBMX	+ 0.51	BOSVX
PSBMX	+ 0.38	NESGX

High negative correlations

BOSVX	- 0.14	NESGX
MYISX	- 0.0	NESGX

Risk-Adjusted Indicators

There is a big difference between Rmb Mutual Fund performing well and Rmb Fund Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Rmb Fund's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NESGX	1.60	0.06	0.01	(0.12)	2.11	(1.70)	3.40	(3.84)	10.97
QUAIX	1.11	(0.02)	0.00	0.01	1.59	(1.04)	2.51	(2.38)	7.26
BOSVX	0.85	(0.02)	(0.02)	0.00	1.13	(0.89)	2.00	(1.84)	5.29
PSBMX	0.82	0.02	0.03	0.04	1.07	(0.83)	1.94	(1.85)	5.10
MYISX	0.76	0.02	0.00	(0.40)	0.90	(0.86)	1.78	(1.17)	6.48

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